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IRDA GOVERNMENT SECURITIES
IRDA directive to shun brokers for gilt trades baffles insurersAccording to a new directive by IRDA that has sent all insurers into a tizzy, buying and selling of sovereign securities can only happen on...
Insurers to offer add-on cover for at-home Covid treatment, court toldThe regulator also told the court that, apart from the Corona Kavach policy, there were over 19 products offered as insurance policy by gen...
IRDA for special status to Railways' bondsSuch a move would reduce the cost of borrowing for the Railways, hedge LIC’s investment and expand its investment limit.
- IRDA to release final guidelines for reinsurers by October
Insurance Regulatory and Development Authority (IRDA) today said it is working on the final guidelines for reinsurers, which will come out ...
IRDA slaps Rs 50 lakh penalty on ICICI LombardInsurance Regulatory and Development Authority has asked ICICI Lombard General Insurance Co to pay the fine within 15 days of the order iss...
Irda tweaks investment norms for insurance companiesIrda tweaked norms for insurance companies to invest their funds in different market instruments like govt securities and corporate debt
- IRDA proposes to lower solvency margin to 145 pc for insurers
Insurance regulator IRDA today proposed to bring down solvency margin requirement to 145 per cent against the existing norm of 150 per cent...
- Chidambaram to unveil new measures to revive insurance sector, draw investors away from gold
The govt is poised to unveil a slew of measures aimed at reviving the insurance sector and is leaning hard on regulator Irda to ease rules.
Budget 2012: Government should prescribe a limit of Rs 1 lakh for life insurance premiums, says FICCIFICCI in its pre-budget memorandum has asked the government to pass pending insurance legislation, which should help infuse long term funds...
- IRDA asks insurers not to outsource core activities
IRDA has asked insurers to restrict outsourcing of core activities like claims, underwriting and policy servicing to guard against major fi...
- IRDA asks insurers not to sell policies through misleading ads
Issuing guidelines for advertising insurance products, the IRDA also asked insurers to clearly state the underlying conditions for a guaran...
- RBI governor to be vice chief of joint market regulators' body
The government today introduced a bill in the Lok Sabha that provides for a joint mechanism headed by the Finance Minister to resolve diffe...
- IRDA imposes penalties on 10 insurance cos: Pranab
IRDA imposed penalties on 10 insurance cos, including LIC, in 2008-09 and 2009-10 for violation of regulations.
- Irda tells postal dept to fall in line, triggers row
India's top insurance regulator has demanded that the country’s postal department adhere to its norms while selling insurance products.
- Post-Satyam , Sebi may face CAG audit
The performance of Security and Exchange Board of India (Sebi) and other regulators such as Insurance Regulatory Development Authority (IRD...
- Insurers set to get more elbow room on mortgage-backed securities
The Insurance Regulatory Development Authority (IRDA) is on course to give more flexibility to insurers to invest in mortgage-backed securi...
- Insurers may get to call for derivatives as cover
IRDA is set to allow insurance companies to invest in a few more financial instruments, including derivatives.
- Rating rule may up insurers core score
: Insurance companies may get to invest in infrastructure projects with ratings below AA
- Pension reforms for unorganised sector likely
Finance Minister Jaswant Singh is likely to trigger off pension reforms for the unorganised sector in this Budget by exempting tax on a sta...
- IRDA for tax sops on pension, policyholders surplus
Voicing the concerns of insurers, the Insurance Regulatory and Development Authority has asked the government to reduce tax rate on policy-...